Trump Made $1.2B+ Off Of Crypto, Major New Stablecoin Launch + Interview w/ FOMO Founder, Se Yong

Crypto majors are slightly red; BTC -1% at $58.6k; ETH even at $1,570; SOL +2% at $75; HYPE -4% at $62.80. JUP (+15%), XLM (+11%) and CC (+9%) led top movers. Oil -1%at $69; Gold even at $4,040. Stock futures are slightly red after the strongest H1 in 5 years; DOW -0.2%, Nasdaq -0.4%. Binance and CZ were sued for nearly $200 million by British investors in a new UK lawsuit, per Reuters, tied to claims involving the FCA. Citi cut its 12-month price targets for Bitcoin from $112k to $82k and ETH from $3,175 to $2,240, citing outflows, slow regulatory progress and DAT concerns. TD Cowen cut Strategy’s price target by 35%, citing the company’s new framework that opens the door to selling Bitcoin. The SEC opened a 60-day comment period on novel ETFs, asking 27 questions about how it should handle funds built around crypto assets, event contracts, and other nontraditional holdings, after pausing roughly two dozen prediction-market ETF filings. New York Life Investment Management teamed with Centrifuge for a tokenized bond fund, bringing one of America’s largest asset managers further into onchain real-world assets. CRCL was removed from several Russell Growth Indexes in the annual reconstitution process in June. Powered by https://myriad.markets/markets